India News: MUMBAI: More than four years since their arrest, Rakesh Wadhawan and his son Sarang, promoters of HDIL, walked out of Arthur Road jail on a surety bai.
Embroiled in multiple scams, including money laundering cases, HDIL promoters Sarang Wadhawan and Rakesh Wadhawan were booked by the Central Bureau of Investigation (CBI) in October 2020.
The CBI has booked HDIL promoters Rakesh Wadhawan and Sarang Wadhawan in a new bank fraud case involving an amount of Rs 140 crore pertaining to their subsidiary Guruashish Construction, officials said today.